EUR/USD CONTINUES THE DIP AS THE BEARS PLUNGE PRICE LOWER
September 28/2021
Since the start of this new trading week the bears have been outperformng the bulls in the entire market activities of the EUR/USD pair.
With a focus on the prior trading week, market participant would see that the possibility of bulls wining over the bears is very uncertain, as the market structure for the euro/dollar pair tend to encourage the action of the bears in moving price slower.
Outside of fundamental analysis reports and economic activities that surfaced the global financial market last week, on the viewpoint of technical analysis the chart patterns of the greenback pair also displayed a bearish market sentiment.
While it should be noted that the "bearish channel" candlestick chart pattern seen on the 4 hour time frame likewise serves as the main trigger behind the bearish price action that's taking place in the market.
In addition to this, the market structure of the EURUSD across the 4hour time frame up to the weekly chart indicate a bearish market sentiment.
Hence trading along with the direction of the market structure will result in a profitable entry in the long run.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
September 28/2021
Since the start of this new trading week the bears have been outperformng the bulls in the entire market activities of the EUR/USD pair.
With a focus on the prior trading week, market participant would see that the possibility of bulls wining over the bears is very uncertain, as the market structure for the euro/dollar pair tend to encourage the action of the bears in moving price slower.
Outside of fundamental analysis reports and economic activities that surfaced the global financial market last week, on the viewpoint of technical analysis the chart patterns of the greenback pair also displayed a bearish market sentiment.
While it should be noted that the "bearish channel" candlestick chart pattern seen on the 4 hour time frame likewise serves as the main trigger behind the bearish price action that's taking place in the market.
In addition to this, the market structure of the EURUSD across the 4hour time frame up to the weekly chart indicate a bearish market sentiment.
Hence trading along with the direction of the market structure will result in a profitable entry in the long run.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers: